Connecticut accounting independent contractor agreement template

Connecticut Accounting Independent Contractor Agreement

This Connecticut Accounting Independent Contractor Agreement is made and entered into as of this [Date], by and between:

• [Client Legal Name], located at [Client Address], hereinafter referred to as "Client,"
• and
• [Contractor Legal Name], located at [Contractor Address], hereinafter referred to as "Contractor."

1. Scope of Services

• Option A: The Contractor shall provide the following accounting services to the Client: [Detailed description of accounting services, including but not limited to bookkeeping, financial statement preparation (GAAP), Connecticut state tax return preparation and filing, municipal/local tax compliance, payroll processing (Connecticut wage laws), internal control assessments, audit support (Connecticut statutes), regulatory compliance consulting.]
• Option B: The Contractor shall perform services as described in Exhibit A, attached hereto and incorporated by reference.
• Deliverables: The Contractor will provide the following deliverables to the Client: [List of expected deliverables, quality standards, work output formats (digital, paper), interim and final submission timelines, reporting frequency tailored to Connecticut tax filing calendar.]

2. Place of Service and Access

• Option A: Services will be performed primarily onsite at the Client’s Connecticut address: [Client Address].
• Option B: Services will be performed remotely.
• Option C: Services will be performed using a hybrid model, with [Number] days per week onsite and the remaining time remotely.
  • The Contractor will require access to the following Client systems, software, and accounting records: [List of systems, software, and records.] The Contractor shall comply with all applicable Connecticut data privacy and security standards, including Conn. Gen. Stat. §§ 42-471 and 36a-701b.

3. Client Responsibilities

• The Client shall provide the Contractor with all necessary materials and access to information in a timely manner to enable the Contractor to perform the services.
• The Client is responsible for [Specify which party bears costs for Connecticut business licenses, regulatory filings, or required professional memberships.]

4. Payment Terms

• Option A: The Contractor shall be paid at an hourly rate of [Dollar Amount] per hour.
• Option B: The Contractor shall be paid a fixed fee of [Dollar Amount] per engagement.
• Option C: The Contractor shall be paid [Dollar Amount] per deliverable.
  • Connecticut Sales Tax: [Specify if sales tax applies and how it will be handled.]
  • Payment Deadline: Payments are due within [Number] days of invoice receipt.
  • Invoicing Requirements: Invoices shall include [Specific Connecticut-mandated disclosures, if applicable.]
  • Reimbursement: The Contractor will be reimbursed for reasonable out-of-pocket expenses incurred within Connecticut, such as travel for on-site meetings or filing fees, upon presentation of receipts.
  • Late Payment: Late payments shall accrue interest at a rate of [Percentage] per month, or the maximum rate allowed under Connecticut law.

5. Work Product and Intellectual Property Ownership

All work product, including reports, analyses, and other deliverables, shall be the sole property of the Client. All client data belongs to the Client. Upon termination of this agreement, the Contractor shall securely return or destroy all Client data and work product in accordance with Connecticut records retention and destruction statutes.

6. Confidentiality

The Contractor shall maintain the confidentiality of all Client information, including financial data, business strategies, and client lists, in accordance with Connecticut privacy, financial information, and professional conduct laws. The Contractor shall comply with the Connecticut Data Breach Notification Law.

7. Independent Contractor Status

The Contractor is an independent contractor and not an employee or agent of the Client. The Contractor is solely responsible for all federal and Connecticut state income taxes, self-employment tax, workers’ compensation (if applicable and providing proof of exemption), unemployment insurance, and all required insurance coverage. The Contractor is responsible for maintaining continuing professional education as required by the Connecticut State Board of Accountancy.

8. Assignment

The Contractor shall not assign or delegate any of the services under this Agreement without the prior written consent of the Client. Subcontracting is prohibited unless compliant with Connecticut regulatory and licensing rules for the accounting profession.

9. Liability and Indemnification

The Contractor shall be liable for any damages resulting from service errors, negligence, or late filings with Connecticut authorities. The Contractor shall indemnify the Client from any claims, losses, or expenses arising from the Contractor's acts, including client audits or penalties. The Contractor maintains professional liability insurance with coverage of at least [Dollar Amount].

10. Term and Termination

• This Agreement shall commence on [Start Date] and continue until [End Date] or until terminated as provided herein.
• Option A: Either party may terminate this Agreement upon [Number] days written notice to the other party.
• Option B: The Client may terminate this Agreement immediately upon material breach by the Contractor, regulatory violations, or loss of required licensure in Connecticut.
  • Upon termination, the Contractor shall deliver all completed work and records to the Client in compliance with Connecticut’s regulations on client record returns within [Number] days. The Contractor shall be entitled to compensation for all services performed up to the date of termination.

11. Dispute Resolution

The parties shall attempt to resolve any disputes arising out of or relating to this Agreement through good faith negotiation. If negotiation fails, the parties agree to submit to mediation or arbitration in [Hartford, New Haven, or Stamford, Connecticut]. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. Venue for any litigation or enforcement action shall be in the courts of Connecticut.

12. Licensing and Compliance

The Contractor represents and warrants that they possess all required licenses and permits to perform accounting services in Connecticut and are in good standing with the Connecticut State Board of Accountancy. The Contractor will provide documentation of valid Connecticut licensing or CPA registration upon request.

13. Warranty

The Contractor warrants that all services will be performed in compliance with all applicable Connecticut statutes, rules of professional conduct, and industry regulations, including anti-money-laundering rules, client notification obligations, and municipal reporting requirements.

14. Document Retention

The Contractor shall retain all documents and records related to the services performed under this Agreement in accordance with Connecticut’s statutory requirements and professional standards. The Contractor shall provide the Client with access to these records upon request.

15. Review and Adjustment

The parties reserve the right to periodically review and adjust the scope and fees of this Agreement to comply with changing Connecticut laws or industry requirements.

16. Notices

All notices, modifications, and consents under this Agreement must be in writing and delivered in accordance with Connecticut commercial practices.

17. Severability

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

18. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether oral or written.

19. Force Majeure

Neither party shall be liable for any failure to perform its obligations under this Agreement to the extent that such failure is caused by a force majeure event, including acts of God, war, or government regulation.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[Client Legal Name]

By: [Client Name]

Title: [Client Title]

[Contractor Legal Name]

By: [Contractor Name]

Title: [Contractor Title]